Strategy and Strive Pour $183 Million into Bitcoin Amid Rally
Strategy Inc., the largest corporate holder of Bitcoin, and its subsidiary Strive Inc. have been actively accumulating BTC in recent weeks.
Last week, Strategy acquired 950 BTC for $75.7 million at an average price of $79,670 between Sept. 14 and Sept. 20. This purchase returned its holdings to 846,000 BTC, which were originally acquired for a total of $63.8 billion at an average cost of $75,416.
Strive Inc. separately bought 1,355 BTC for $107.7 million at an average price of $79,475 between Sept. 14 and Sept. 18, taking its treasury to 26,355 BTC. Cash and equivalents rose to $229.6 million over the same period.
Both purchases were made below Bitcoin’s latest market price, which surged above $85,000 on Monday, its highest level since January.